Our Origins: Delivering Efficiencies with EuroCCP

Euro CCP formed in 2013 as a pan-European central counterparty, becoming the most connected CCP in Europe clearing cash equities, depository receipts, exchange traded funds (ETFs) and equity derivatives contracts.  

“Our ethos was to be a one stop shop and provide a competitive advantage to our customers,” says Tim Beckwith, Head of Commercial Development, Cboe Clear Europe and a founder or Euro CCP. “We had created a more stable clearing environment and it was a tremendous success.” 

Cboe had long been a EuroCCP customer and valued the service the clearinghouse provided. EuroCCP brought access and much needed competition to the European market and Cboe knew that was essential to the health of the markets. As Cboe looked to expand its European presence to new geographies and asset classes, it was important to ensure the right clearing capabilities were possible.  

“Both companies were positive disruptors,” Tim says. “We had the same DNA. It was just a natural fit”  

Cboe acquired EuroCCP in 2020 and later rebranded the business to Cboe Clear Europe. With Cboe Clear Europe in the Cboe network, the teams worked together to create a new derivatives exchange, Cboe Europe Derivatives, bringing a modern, pan-European derivatives market to the region. 

As Cboe continues to build trusted markets across the globe, Tim sees many opportunities for additional partnership and growth.  

“Cboe Digital, FX, global equities—these are all opportunities to expand our ecosystem, increase our product range and build off our own assets. I am so excited for what’s next.”